Mar 4, 2016

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3 Stocks Coverage Initiated By Analysts: Splunk Inc (NASDAQ:SPLK), Qlik Technologies Inc (NASDAQ:QLIK), Tableau Software Inc (NYSE:DATA)

3 Stocks Coverage Initiated By Analysts: Splunk Inc (NASDAQ:SPLK), Qlik Technologies Inc (NASDAQ:QLIK), Tableau Software Inc (NYSE:DATA)

Analysts’ recommendations are the fountainhead of equity research reports and should be used in tangent with proprietary research and investment methodologies in order to make investment decisions.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Ultimately, through all this investigation into the company’s performance the analyst decides whether their stock is a “buy,” sell” or hold.”

BMO Capital Markets announced it was initiating coverage of Splunk Inc (NASDAQ:SPLK) in a research note on Friday. The analysts assigned an Outperform rating to the stock with a price target of $55. The average analysts that follow this company have a ‘Strong Buy’ rating on this stock, according to Zacks Investment Research. Nineteen maintain strong buy rating, 3 set the stock as buy, 3 have assigned a hold rating and Zero suggests selling.

BMO Capital Markets analysts issued their verdict on Qlik Technologies Inc (NASDAQ:QLIK) recently. The rating firm gave a        Market Perform rating to this stock with a price target of $26 in a research note on Friday. The stock has a consensus Strong Buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 4 have assigned a hold rating, 1 says it’s a buy, and 15 have assigned a strong buy rating to the company.

In a research note on Friday, analysts at BMO Capital Markets assigned a Market Perform rating to Tableau Software Inc (NYSE:DATA) and set the price target of $50. It has earned a consensus Strong Buy rating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 5 have assigned a hold rating, 1 says it’s a buy and 14 have assigned a strong buy rating to the company.

 

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